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COP21 – a successful ‘end of the beginning

The Paris Agreement provides a clear signal and a solid framework for climate action. Balanced and ambitious in its objectives – including full decarbonization of the global economy before the end of the century – it has all the conditions to encourage everyone to do more.

In establishing a new international climate change regime, the Agreement focuses on the essentials: guiding countries towards low-carbon and climate resilient economies. The main challenge resides not in the direct implementation of the decisions taken in Paris, but rather in the alignment of countries’ national strategies with a decarbonization trajectory.

COP21 marks the advent of a new regime of international cooperation rather than a ‘utopian’ and politically unpalatable system to punish or coerce States to take action. It confirms the desire to engage both State and non-State actors on climate action. In this respect, it is a real victory of multilateralism.

Indeed, COP21 marks the “end of the beginning” of a long negotiations process to shift to a permanent regime, completed by regular appointments to boost ambition. This victory, however, will become historical only if this cooperation leads to enhanced action and concrete results. And this is where the hard work begins!

COP21 – a successful ‘end of the beginning Download
I4CE Contacts
Hadrien HAINAUT
Hadrien HAINAUT
Team Lead – Landscape of climate finance and energy scenarios Email
Vivian DEPOUES, PhD
Vivian DEPOUES, PhD
Senior Research Fellow – Adaptation and Local authorities Email
Benoît LEGUET
Benoît LEGUET
Managing Director Email
To learn more
  • 07/19/2024 Foreword of the week
    Public climate investment: there is no “magic” money but there is room for manoeuvre

    The recent election campaign in France didn’t give priority to the climate and environment. However, taking climate action is still widely supported by the French voters and most decision-makers. But a mandate to act is not enough. To make up for the current shortfall in climate investment, we need a solid consensus on the financial resources to be deployed to the climate transition in the long term. Today, these resources come partly from public budgets. And it is not a secret that the public contribution probably will have to increase in the future.

  • 07/18/2024 Blog post
    The Climate Investment Challenge behind the European Prosperity Plan

    Ursula Von der Leyen’s competitiveness agenda is grabbing headlines – but the hard work of climate implementation and investment is only just beginning. In this blog, Ciaran Humphreys and Dorthe Nielsen outline the challenges this era of implementation poses, and how to align climate ambition with the President’s economic vision.  Ursula Von der Leyen has been re-elected as Commission President – and by a wider margin than expected. Before the vote, she set out her political priorities for the next EU mandate. Her vision focused on themes of security, economic competitiveness, and enlargement – unsurprisingly so at a time when the EU is increasingly concerned about its place in the world. 

  • 07/12/2024
    Financing the climate transition in France: what room for manœuvre on public funding needs?

    France is facing a climate investment deficit relative to its climate objectives. Today, these investment are already putting a strain on public finances, whether in terms of investing in public facilities or co-financing projects by households and business. Increasing climate investments is therefore a challenge for public finances. But the scale of the challenge varies, depending on future policies. So what room for manoeuvre is there in terms of climate-related public spending needs?

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